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The regulatory techniques will provide some (30%) under-contract rental rate in comparison with the market. However, if a specified condition in the LC RF auction for selling the right to conclude such grace lease, sell that right (you can call it a lease or a right of superficies of the earth) will allow the state at least compensate for loss of earnings caused by objectively justified imperfection establishing the value of usage rights and ownership of land, but often (in the manifestation of a developers’ investment interests) – and even receive additional benefits. Simultaneously with the above must be borne in mind that the right to conclude a lease (“the lease”) belongs to the owner of the land improvements. When selling real estate in the leased land together with improvements “for sale” and “leasehold” (Which may in time grow in value!). It follows that in determining the market value of the property means the cost approach to the subject being evaluated should include the ownership of the improvement and the right to conclusion of the lease (“the lease”) of land. In the taxable property should not be together with the inventory cost of improvements include the market value of “the right to lease” land. In fact, the land tax pays the lessor of the amounts he received for the sale of improvements to the owner the right to conclude lease contract (as part payment for the use and ownership of land) and lease payments due to a given method of determining the contractual rental rate for the entire period of the lease (the second part of payment for the use and ownership of land).